Inflation Reduction Act: A Big Step Toward a Climate-Safe Future
Analysis on the 2022 climate bill by NRDC’s experts.
On August 16, 2022, President Joe Biden signed into law the strongest U.S. climate action yet. The Inflation Reduction Act provides billions in strategic investment to promote clean energy and climate justice. It will also help to create hundreds of thousands of jobs, spur clean energy innovation, and strengthen domestic manufacturing.
“This law moves us closer to President Biden’s pledge to cut climate pollution 50 to 52 percent from 2005 levels by 2030. To get there, he must use his established authority to write rules to help cut carbon pollution from our cars, trucks, and dirty power plants, reduce methane emissions, and keep investors informed on corporate climate risk,” says NRDC President Manish Bapna. “And we must strengthen, not weaken, the commonsense safeguards we all depend on to protect the environment and public health. Moving forward, we must implement this progress in a way that drives benefits to the people who need them most and ensures that frontline communities aren’t further burdened by climate and fossil fuel harm.”
The work does not end here. Read further analyses by NRDC experts below.